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Top Trader Reveals Most ‘Sane Play’ for Bitcoin Right Now
In a recent tweet, renowned trader DonAlt has offered his take on the current market situation. According to him, the most “sane play” for Bitcoin (BTC) investors at this moment is to wait patiently and not get drawn into the volatility. This approach involves holding off on making any moves until there is concrete evidence that the asset’s price will rebound.
DonAlt emphasizes the importance of being patient and waiting for confirmation before entering the market. He suggests that instead of jumping in prematurely, it would be wiser to observe Bitcoin’s performance above key levels. If the price can secure a strong close above resistance, this could potentially set the stage for the next leg up.
It is crucial to note that DonAlt does not consider any action taken without confirmation as a “sane play”. He strongly advises against chasing every dip, citing unnecessary risks and emphasizing the need to prioritize caution in today’s market.
Source: https://u.today/top-trader-reveals-most-sane-play-for-bitcoin-right-now
